ChargePanel AB (publ) (“ChargePanel” or “The Company”) has recently completed a connection with Nord Pool in the Nordics and Baltics. This integration gives users quick access to real-time information on electricity prices and opens up further revenue opportunities for ChargePanel through a more seamless and cost-effective charging experience.
The connection to the Nordic power exchange Nord Pool enables ChargePanel’s users to monitor and adjust their charging habits in real time based on current electricity prices hour by hour, so-called spot prices. Users and charging station owners can follow the actual electricity price and gain insight into electricity prices for the coming 6-8 hours, which results in that, drivers can always pay a fair electricity price, and charging point owners can connect their profits to electricity prices in real-time.
Through this, charging point owners can flexibly receive payments from their users, based on the spot price and an additional premium that they choose. Users will be able to pay for the electricity price in real time as well as the profit margin chosen by the operator.
For charging point owners, this means reduced worry about their prices being unfairly high, which creates an advantageous position in their businesses and increases credibility in the electric vehicle charging industry. For users, this means more cost-effective and sustainable electric car charging through the use of favorable electricity prices and the minimization of unnecessary costs.
This differentiation positions ChargePanel as a significant player in the emerging electric car charging market and increases the attractiveness for both users and charging point owners. The Company positions itself well to meet customers’ needs and creates revenue opportunities from more customers. ChargePanel has currently connected the countries in the Nordics and the Baltics, but has ongoing processes for expansion in more countries, above all in the United Kingdom.
“We are pleased to announce our connection to Nord Pool in the Nordics and Baltics. At ChargePanel, we strive to offer users an attractive and seamless charging experience. This progress marks a significant step in that direction, and we look forward to continuing to strengthen our position in the growing market for electric car charging” – Peter Persson CEO ChargePanel AB (publ)
For further information, please contact:
Peter Persson, CEO, ChargePanel AB (publ)
Phone: +46 (0)8 120 325 01
About ChargePanel AB (publ)
ChargePanel is a GreenTech company that offers innovative B2B solutions within e-Mobility.
ChargePanel offers a white-label SaaS-platform for the operation and management of electric vehicle charging networks. The platform enables electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure.
Since the start, The Company’s focus has been towards developing the technical platform as well as increasing the interest and connecting with selected strategic partners and customers. The company provides solutions in Sweden, Norway, Great Britain, Romania, Morocco, Kenya, Uganda, Malta, the USA, Australia, and Malaysia, with the ambition to grow with its customers into new geographic markets and has adopted a growth strategy which includes multiple continents before the end of 2025. The Company’s strategy is both sustainability and customer-centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fuel vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future.
The Company was founded in 2014 and has its headquarters in Stockholm, Sweden. ChargePanel AB (publ) is listed on Nasdaq First North Growth Market and The Company’s Certified Adviser is Eminova Fondkommission.